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China Seeks to Shut Down Contaminated Drug Capsule Makers

China’s State Food and Drug Administration told its provincial units to shut down plants making drug capsules containing excessive levels of chromium.

The administration has found 23 batches of tainted products from nine capsule makers including Tonghua Golden-Horse Pharmaceutical Industry Co. (000766), the SFDA said today in a statement.

The government ordered the companies to recall and destroy the affected batches of capsules. The producers must stop all drug-capsule output and sales until they are authorized to resume after inspections, according to the statement.

China’s police have detained 53 suspects and closed 10 industrial gelatin and gel capsule manufacturing plants that may be involved in the scandal, Xinhua News Agency reported today, citing the Ministry of Public Security.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at +86-10-6649-7528 or fshen11@bloomberg.net

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Personal Finance Best Sellers From Amazon

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.34% 3.99%
30 Year Fixed 4.01% 3.66%
15 Year Fixed 3.11% 2.79%
10 Year Fixed 3.04% 2.89%
30 Year Fixed Refi 4.00% 3.64%
15 Year Fixed Refi 3.11% 2.79%
5/1 ARM 2.82% 2.59%
5/1 ARM Refi 2.82% 2.60%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.34% 5.34%
$50K HELOC 4.55% 4.56%
$75K HELOC 4.52% 4.57%
$100K HELOC 4.23% 4.27%
$30K Home Equity Loan 5.95% 5.97%
$50K Home Equity Loan 5.97% 6.01%
$75K Home Equity Loan 5.91% 5.97%
$100K Home Equity Loan 5.78% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.23%
2 Year CD 0.70% 0.70%
1 Year CD 0.56% 0.57%
MMA $10K+ 0.46% 0.47%
MMA $50K+ 0.68% 0.69%
MMA Savings Jumbo 0.58% 0.59%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.72% 2.98%
48 Months Used Car 2.70% 2.93%
36 Months Used Car 2.76% 2.89%
72 Months New Car 2.50% 2.43%
60 Months New Car 2.66% 2.54%
48 Months New Car 2.58% 2.45%
60 Months Auto Refi 4.00% 4.15%
36 Months Auto Refi 3.57% 3.61%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.54% 15.53%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com